Millions of salaried workers would get paid more under new bill

Millions of salaried workers could see bigger paychecks under a new bill that aims to dramatically expand overtime eligibility for Americans earning middle-class wages.

Independent Senator Bernie Sanders and Democratic Representative Mark Takano have introduced the Restoring Overtime Pay Act of 2026, a bill that would raise the salary threshold for overtime pay and extend protections to tens of millions of workers currently excluded. READ MORE

25 high-paying jobs that are projected to grow a lot over the next decade

Software developers, who typically earn high pay, will likely still be needed in the era of artificial intelligence.

The Bureau of Labor Statistics published new median annual wage data for May 2025, showing how much hundreds of occupations typically pay. Business Insider used these estimates with projected employment changes from 2024 to 2034, previously released by the Bureau of Labor Statistics, to develop a ranking of fast-growing, high-paying jobs. READ MORE

Why job seekers looking for $200k-plus roles should be worried

When Deirdre Hosking stepped away from her role as a senior HR executive in the finance industry last March, she was ready for a bit of a career break. So when she found the market for leadership positions “soft” and salaries in a slump, she was happy to bide her time and wait for finer weather.

“I chose to sit back and have a great break for the rest of last year, hoping the market would rebound,” Hosking said. READ MORE

Payroll data exposes six-figure salaries behind transit strike grinding NYC travel to a halt

Long Island Rail Road workers walked off the job on Monday after rejecting the Metropolitan Transportation Authority’s latest wage offer, snarling travel for hundreds of thousands of weekday commuters even as payroll data shows the striking employees already earn six-figure pay.

LIRR employees had am average income of $121,646 plus an average of $25,957 in overtime pay as of 2024, according to data provided by the railroad operator. While the typical LIRR employee makes about $150,000 a year, the median household on Long Island, which often contains multiple workers, earned just $131,000 in 2023, per the Federal Reserve Bank of New York. READ MORE

California initiative to limit compensation for healthcare executives qualifies for the ballot

A California ballot initiative to establish a $450,000 compensation limit for healthcare executives qualified for the 2026 ballot on May 12. The limit would be increased by 3.5% or the annual rate of change in the U.S. Consumer Price Index for Urban Wage Earners and Clerical Workers (U.S. CPI-W), whichever is lower. The initiative would apply to executives and managers of private hospitals, private physician groups, and public hospitals owned by special districts, and exclude county-operated hospitals and physician groups with fewer than 25 employees. The limit would be effective for the 2027 calendar year. READ MORE

Employers offering up to 15% salary premiums for AI-skilled staff

Employers are offering up to 15% more salary premiums for AI-skilled employees as proficiency in the technology emerges as one of the most valuable skills in the job market, according to a new report.

Findings from Robert Half revealed that 81% of employers are adjusting their compensation practices to attract new talent. This includes 32% who say they offer "significantly higher" pay to candidates with proven AI capabilities. READ MORE

What an inflation surge means for American workers’ jobs and salaries

American workers are about to feel the squeeze of the sharpest inflation surge in years — and human resources leaders may be the ones left managing the fallout.

The Survey of Professional Forecasters, a blue-ribbon panel polled quarterly by the Federal Reserve Bank of Philadelphia, now projects consumer price inflation will reach 6% in the second quarter — more than double its estimate of 2.7% just three months ago. The dramatic revision follows a string of troubling economic data, including a producer price index rate of 6% in April, the highest since December 2022, and headline consumer prices running at a 3.8% annual rate, the steepest increase in nearly three years. READ MORE

D.C. Judge Orders Former Nonprofit Executive Director To Pay Back $1M

There are nonprofits out there doing amazing work. The work that they do is largely kept afloat by donations, which are hard to secure when potential donors are worried that their cash will be used for reasons other than what they were told. When donors sent their money to H Street Community Development Corporation, chances are lining the executive director’s pockets weren’t at the top of their to-do list. Unfortunately, former director Kenneth Brewer Sr. decided to give himself several six-figure bonuses over the span of a couple years. The Board, which was not told about his self-administered bumps in pay, sued him for misappropriation of funds back in 2024. After years in court, the money will find its way back to the community it was meant to help. READ MORE

McKinsey to revamp partner pay in new AI era

McKinsey plans to cut the share of profits that partners take home in cash in an overhaul designed to simplify its pay structure, boost its capital and protect the firm from turmoil in the consulting industry.

The elite consultancy has told partners to expect a greater proportion of their pay in the form of equity, allowing the firm to bolster its capital cushion, according to people familiar with the changes. For some partners, the changes could affect tens of thousands of dollars. READ MORE

Guaranteed Retention Compensation

Guaranteed retention compensation is emerging as startups rethink how they attract and retain talent in highly competitive AI-driven industries. Lovable’s decision to provide employees with automatic annual 10% salary increases reflects a growing shift toward predictable compensation growth instead of relying primarily on equity incentives or performance-based negotiations. The company positions long-term employee retention as a compounding business advantage, rewarding staff for deeper institutional knowledge, cultural contribution, and sustained productivity as the organization scales rapidly. READ MORE

12 states where a $60K salary puts you in the lowest income bracket

As the cost of necessities continues to rise, a $60,000 salary falls well short of what’s needed to earn a comfortable living in many states. In 12 states, it won’t even qualify you for the middle class.

That’s according a new MoneyLion analysis of data from the U.S. Census, Sperling’s BestPlaces, Zillow and the Federal Reserve. MoneyLion used the Pew Research Center’s definition of middle class: an income of two-thirds to double the median income. READ MORE

The salary you need to live comfortably in 100 US cities

To truly understand the context of a household’s income, it must be compared to local costs and long-term goals, which both may fluctuate over time. For most people, the same pillars will make up the biggest nonnegotiables in their budget. These include basic necessities like housing, groceries, utilities, and transportation, and likely some discretionary spending on hobbies, activities, and other enrichment. In an attempt to secure this lifestyle for the future, many households aim to save some of their income for emergencies, investments, retirement, education, and other long-term goals. A common budgeting technique that encapsulates these three pillars is called the 50/30/20 rule: 50% of your post-tax income goes to needs, 30% to your wants, and 20% gets set aside for the future. READ MORE

Big-Bucks Compensation Reignites Wage Gap Debate As L.A. Nonprofit Pushes For “Overpaid CEO Tax”

The Los Angeles Alliance for a New Economy is gathering signatures for the Overpaid CEO Tax Ordinance, a ballot initiative that would progressively tax large businesses whose CEOs make more than 50 times what their median worker makes, with higher taxes as the gap grows more extreme. It hopes to get the measure on the November ballot.

“Extreme income inequality is one of the most pressing issues impacting the health and welfare of Los Angeles residents,” the proposal reads, echoing protests by investors and social justice advocates nationally as details of the last 2025 pay packages for public company executives trickled in last week. READ MORE

The states where middle-class income is growing most – and 2 where it’s shrinking

America may very well be stuck in a K-shaped economy, with those at the top growing wealthier, while those at the bottom of the K find their spending power shrinking every year. It can make it feel hard to achieve the stereotypical middle-class lifestyle of modest homeownership, a decent job and some retirement savings.

A Pew Research study found about 51% of Americans were living in middle-class households in 2023, down from 61% in 1971. READ MORE

ChatGPT shares the salary you need to be upper-middle class in each state

Upper-middle class means different things depending on where you live. I asked ChatGPT what household income qualifies in each state and the range is huge.

The Calculation Method

Analysts use census income data and Pew Research Center methodology to figure this out, calculating the middle-class range as the middle two-thirds of household incomes in a state, then identifying the upper third of that range as upper-middle class. This roughly covers households at the 67th to 100th percentile of middle incomes. READ MORE